Forex - USD/JPY drops as market bets Fed will keep policy loose

Investing.com - The dollar softened against the yen on Friday as investors took up fresh positions betting that the Federal Reserve will keep monetary policy loose at its meeting next week even if it decides to taper the pace of its monthly asset purchases.

In U.S. trading on Friday, USD/JPY was trading at 99.23, down 0.34%, up from a session low of 99.20 and off a high of 99.98.

The pair was likely to find support at 99.02, Thursday's low, and resistance at 99.90, Thursday's high.

While many investors expect the Federal Reserve to announce plans to taper its USD85 billion in monthly asset purchases at its Sept. 17-18 meeting, most feel the U.S. central bank will trim that figure only slightly, which softened the greenback on Friday.

Stimulus tools such as Fed asset purchases weaken the dollar by driving down borrowing costs, though expectations that the Fed will only slightly cut the amount of bonds it purchases each month — if it decides at all — continued to bolster the yen's safe-haven appeal, especially after a string of soft U.S. indicators hit the wire earlier.

In the U.S. earlier, the Thomson Reuters/University of Michigan preliminary U.S. consumer sentiment index fell to 76.8 in September from 82.1 in August, worse than expectations for a decline to 82.0.

Elsewhere, official data showed that U.S. retail sales rose 0.2% in August, missing expectations for a 0.4% rise after an upwardly revised 0.4% increase the previous month.

Core retail sales, excluding automobiles, rose 0.1% last month, short of expectations for a 0.3% gain after an upwardly revised 0.6% increase in July.

Elsewhere, separate data showed that the U.S. producer price index rose 0.3% in August, more than the expected 0.2% after a flat reading the previous month.

Core producer price inflation, excluding food and energy, was flat last month, compared to expectations for a 0.1% rise, after a 0.1% gain in July.

The yen, meanwhile, was down against the pound and up against the euro, with GBP/JPY up 0.20% and trading at 157.62 and EUR/JPY trading down 0.26% at 132.03.

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Forex - Dollar softens as investors await Fed stimulus decision

Investing.com - The dollar softened against most major currencies on Friday as investors avoided the currency to wait for the Federal Reserve to announce its decision on stimulus measures next week, with many betting for policy to remain loose even if he Fed tapers its monthly asset-purchasing program.

Stimulus programs such as the Fed's monthly USD85 billion in asset purchases keep the dollar weak by driving down long-term interest rates.

In U.S. trading on Friday, EUR/USD was up 0.04% at 1.3304.

While many investors expect the Federal Reserve to announce plans to taper its USD85 billion in monthly asset purchases at its Sept. 17-18 meeting, most feel the U.S. central bank will trim that figure only slightly, which softened the greenback on Friday as did lackluster data.

In the U.S. earlier, the Thomson Reuters/University of Michigan preliminary U.S. consumer sentiment index fell to 76.8 in September from 82.1 in August, worse than expectations for a decline to 82.0.

Elsewhere, official data showed that U.S. retail sales rose 0.2% in August, missing expectations for a 0.4% rise after an upwardly revised 0.4% increase the previous month.

Core retail sales, excluding automobiles, rose 0.1% last month, short of expectations for a 0.3% gain after an upwardly revised 0.6% increase in July.

Elsewhere, separate data showed that the U.S. producer price index rose 0.3% in August, more than the expected 0.2% after a flat reading the previous month.

Core producer price inflation, excluding food and energy, was flat last month, compared to expectations for a 0.1% rise, after a 0.1% gain in July.

Meanwhile, euro zone finance ministers were meeting in Vilnius, Lithuania, to discuss reforms to strengthen the region's banking sector.

On Thursday, the European Parliament approved legislation to allow the European Central Bank to oversee banks in the 17-nation currency bloc. ECB President Mario Draghi said the vote was 'a real step forward' in establishing a banking union.

Elsewhere, the greenback was down against the pound, with GBP/USD up 0.46% at 1.5878.

The dollar was down against the yen, with USD/JPY down 0.26% at 99.31, and down against the Swiss franc, with USD/CHF trading down 0.13% at 0.9294.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.20% at 1.0344, AUD/USD down 0.26% at 0.9246 and NZD/USD trading up 0.06% at 0.8143.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.05% at 81.65.

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Rajath Finance's fixes book closure for AGM

Rajath Finance's fixes book closure for AGM

The Register of Members & Share Transfer Books of Rajath Finance will remain closed from September 23, 2013 to September 28, 2013 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 30, 2013.

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Forex - Dollar softens as market braces for Fed stimulus decision

Investing.com - The dollar softened against most major currencies in U.S. afternoon trading on Thursday after market participants bet the Federal Reserve will keep overall policy loose at a monetary policy meeting next week even if it tapers its monthly asset-purchasing program.

Stimulus programs such as the Fed's monthly USD85 billion in asset purchases keep the dollar weak by driving down long-term interest rates.

In U.S. trading on Thursday, EUR/USD was down 0.08% at 1.3299, mainly due to soft European output numbers.

Many investors expect the Federal Reserve to announce plans to taper its monthly asset purchases at its Sept. 17-18 meeting.

However, expectations that the Fed will only slightly cut the amount of bonds it purchases each month — if it decides at all — sent investors chasing safe-haven yen positions against the greenback on Thursday.

Elsewhere, the Department of Labor reported earlier that the number of individuals filing for initial jobless claims in the U.S. fell by 31,000 to 292,000 from 323,000 in the previous week.

Analysts were expecting the number to rise by 7,000 to 330,000, though the report said the decline was largely due to two states not processing all of their claims because of computer upgrades.

The euro meanwhile, slid against the dollar after data revealed that industrial production in the euro area fell by 1.5% in July, the biggest drop in a year.

Analysts were expecting a 0.1% decline.

On a year-over-year basis industrial production fell 2.1% to the lowest level since April 2010, compared to expectations for a 0.1% decline.

Elsewhere, the greenback was up against the pound, with GBP/USD down 0.08% at 1.5806.

The dollar was down against the yen, with USD/JPY down 0.45% at 99.45, and down against the Swiss franc, with USD/CHF trading down 0.02% at 0.9304.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.09% at 1.0328, AUD/USD down 0.72% at 0.9261 and NZD/USD trading up 0.72% at 0.8140.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.02% at 81.70.

On Friday, the U.S. will release data on retail sales, producer price inflation and preliminary data from the University of Michigan on consumer sentiment.

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Suryaamba Spinning Mills: Outcome of AGM

'); } Sep 12, 2013, 12.23 AM IST Suryaamba Spinning Mills has informed about the outcome of 6th Annual General Meeting (AGM) of the Company was held on September 11, 2013.

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Forex - Dollar softens as U.S. holds off on Syria attack

Investing.com - The dollar weakened in U.S. afternoon trading on Wednesday after the U.S. put on hold plans to hit Syria with military strikes for its alleged use of chemical weapons in its civil war.

In U.S. trading on Wednesday, EUR/USD was up 0.34% at 1.3312.

The greenback slumped after U.S. President Barack Obama said his administration would support a Russian plan to take away Syria's chemical weapons cache in a deal that would put U.S. military strikes on hold.

Waning fears of a new military campaign in the Middle East enticed investors out of the safe-haven dollar and into higher-yielding asset classes.

The dollar also came under pressure amid ongoing doubts as to whether or not the Federal Reserve will announce at its Sept. 17-18 policy meeting plans to begin tapering its monthly USD85 billion asset-purchasing program, which weakens the greenback to spur recovery.

Lackluster economic indicators have many investors concerned the U.S. central bank may delay plans to begin scaling back asset purchases to later this year, while others feel any September start date will see very minor tapering, which would keep the greenback soft.

Elsewhere, the greenback was down against the pound, with GBP/USD up 0.58% at 1.5824.

The pound firmed after official data revealed that the U.K. unemployment rate fell to 7.7% in the three months to July from 7.8% in the previous three months.

Analysts were expecting the unemployment rate to remain unchanged.

The number of individuals claiming unemployment benefits in the U.K. fell by 32,600 in August, better than market calls for a decline of 22,000 people.

The data stoked already growing expectations that the Bank of England may raise interest rates sooner than it has indicated.

Last month, Bank of England Governor Mark Carney said monetary authorities plan to keep the U.K.'s benchmark interest rate at a record-low 0.5% for at least three years though improving economic indicators have many betting that rates may rise sooner than expected.

The dollar was down against the yen, with USD/JPY down 0.53% at 99.86, and down against the Swiss franc, with USD/CHF trading down 0.53% at 0.9299.

The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.31% at 1.0316, AUD/USD up 0.16% at 0.9328 and NZD/USD trading up 0.19% at 0.8084.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.38% at 81.50.

On Thursday, the U.S. is to release the weekly government report on initial jobless claims as well as official data on import prices.

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Forex - Dollar softens as fears of Syria attack abate

Investing.com - The dollar weakened slightly in U.S. trading on Tuesday after fears of a pending U.S. military attack on Syria began to wane after a Russian-proposed diplomatic solution appeared to gain footing and spark demand for risk-on asset classes.

In U.S. trading on Tuesday, EUR/USD was up 0.10% at 1.3268.

Syria's reported willingness to give up control of its chemical weapons stockpiles sparked demand for higher-yielding asset classes Tuesday as fears subsided the U.S. would attack.

While the Obama administration has pressed its case for military strikes on the assumption that Damascus used chemical weapons in its civil war, polls show most Americans do not favor attacking Syria.

The U.S. has said it would explore Russia's proposal, which enticed investors out of the safety of the greenback as did upbeat data out of China.

Chinese industrial production rose 10.4% in August, beating expectations for a 9.9% increase and accelerating from a 9.7% gain in July.

Earlier this week, China reported that its exports grew 7.2% year-over-year in August, up from 5.1% in July, which painted a picture of an improving global economy.

The dollar also came under pressure due to ongoing uncertainty over Federal Reserve policies.

The U.S. economy added 169,000 jobs in August, the Bureau of Labor Statistics revealed on Friday, less than market calls for a 180,000 increase.

The data continued to fuel sentiments that the Federal Reserve may hold off on announcing plans to begin winding down its USD85 billion in monthly bond purchases at its Sept. 17-18 policy meeting.

Still, the dollar saw some support over the Syria impasse, especially among those investors who sought safety in gold during the crisis.

Gold futures for December delivery traded at USD1,364.20 during U.S. afternoon hours, down 1.62%, which gave the dollar some support as the two assets tend to trade inversely with one another.

Elsewhere, the greenback was up against the pound, with GBP/USD up 0.25% at 1.5733.

The dollar was up against the yen, with USD/JPY up 0.76% at 100.34, and up against the Swiss franc, with USD/CHF trading up 0.24% at 0.9346.

The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.26% at 1.0349, AUD/USD up 0.94% at 0.9315 and NZD/USD trading up 0.66% at 0.8070.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.01% at 81.82.

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Forex - EUR/USD gains as Syria agrees to give up weapons cache

Investing.com - The dollar slipped against the euro on Tuesday after Syria said it would accept Russian calls to hand over its chemical weapons, while the U.S. said it would explore Moscow's proposal.

Hopes that the possibility of U.S. military strikes may be waning enticed investors out of the safety of the dollar and into risk-on asset classes.

In U.S. trading on Tuesday, EUR/USD was up 0.09% at 1.3265, up from a session low of 1.3231 and off from a high of 1.3276.

The pair was likely to find support at 1.3105, Friday's low, and resistance at 1.3280, Monday's high.

Syria's reported willingness to give up control of its chemical weapons stockpiles sparked demand for higher-yielding asset classes Tuesday as fears subsided the U.S. would attack.

While the Obama administration has pressed its case for attack on the grounds Damascus used chemical weapons in its civil war, polls show most Americans do not favor attacking Syria.

The U.S. has said it would explore Russia's proposal.

Elsewhere, upbeat data out of China fueled demand for the euro by watering down dollar buying as well.

Chinese industrial production rose 10.4% in August, beating expectations for a 9.9% increase and accelerating from a 9.7% gain in July.

Earlier this week, China reported that its exports grew 7.2% year-over-year in August, up from 5.1% in July, which painted a picture of an improving global economy.

Elsewhere, the euro was down against the pound and up against the yen, with EUR/GBP trading down 0.15% at 0.8434 and EUR/JPY trading up 0.84% at 133.10.

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Forex - USD/JPY gains on solid Japanese growth data

Investing.com - The dollar rose against the yen on Monday after Japanese growth expectations met expectations and fueled demand for risk-on asset classes, which came at the yen's expense.

In U.S. trading on Monday, USD/JPY was trading at 99.58, up 0.46%, up from a session low of 99.34 and off a high of 100.11.

The pair was likely to find support at 98.55, Friday's low, and resistance at 100.23, Thursday's high.

In Japan, revised data released earlier showed that the economy expanded by 0.9% in the second quarter, in line with expectations, which sparked demand for higher-yielding asset classes that came at the yen's expense.

The country's economy grew at an annualized 3.8% percent from the first quarter, higher than an initial estimate of 2.6%, which sparked demand for Japanese stocks in particular.

The yen also came under pressure after Japan won its bid to host the 2020 Summer Olympics, which stoked expectations for increased construction and spending ahead of time.

Separately, China reported that its exports grew 7.2% year-over-year in August, up from 5.1% in July, which painted a picture of an improving global economy and further suppressed yen demand.

The dollar traded higher against the yen despite moving lower elsewhere, which was the product of falling Treasury yields.

Weak unemployment data continued to fuel sentiments that the Federal Reserve may hold off on announcing plans to begin winding down its USD85 billion in monthly bond purchases at its Sept. 17-18 policy meeting.

Such stimulus tools weaken the greenback to spur recovery by driving down long-term interest rates.

Even if the Fed does announce plans to taper stimulus programs at its meeting this month it may start out trimming asset purchases very lightly, which could still keep the greenback relatively weak.

The yen, meanwhile, was down against the pound and down against the euro, with GBP/JPY up 0.99% and trading at 156.46 and EUR/JPY trading up 1.13% at 132.13.

On Tuesday, the Bank of Japan is to release monetary policy meeting minutes, which provide insights into economic conditions from the bank's perspective. Japan is also to produce data on tertiary industry activity.

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U.S. stocks rise as Syria attack concerns fade; Dow rises 0.94%

Investing.com - U.S. stocks shot up on Monday after the prospects for an imminent U.S. attack on Syria began to fade, while sentiments that Federal Reserve stimulus measures may stay in place boosted spirits as well.

At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.94%, the S&P 500 index rose 1.00%, while the Nasdaq Composite index rose 1.26%.

U.S. President Barack Obama is scheduled to address the U.S. on Tuesday and press the case for an attack on Syria, though sentiments that he will face a tough sell in the U.S. House of Representatives allayed fears that military strikes will engulf Syria's oil-rich neighbors into the conflict and create global geopolitical unrest.

Also silencing the war drums, Syrian ally Russia proposed earlier that Syrian President Bashar Assad put up his alleged chemical weapons cache under international control, which sent stock prices gaining as did sentiments that the Federal Reserve won't rush to dismantle stimulus programs.

The U.S. economy added 169,000 jobs in August, the Bureau of Labor Statistics revealed on Friday, less than market calls for a 180,000 increase.

July 's figure was revised down to 104,000 from 162,000, while June's figure was revised down to 172,000 from 188,000.

The U.S. unemployment rate fell to 7.3% in August, from 7.4% in July, as more people left the workforce.

The data continued to fuel sentiments that the Federal Reserve may hold off on announcing plans to begin winding down its USD85 billion in monthly bond purchases at its Sept. 17-18 policy meeting.

Even if the Fed does announce plans to taper stimulus programs at its meeting this month it may start out trimming asset purchases very lightly.

Stimulus programs such as bond purchases tend to send stock prices rising.

Advancing economic indicators in Europe and Asia furthered whetted appetite for risk and boosted share prices.

The Sentix index of euro zone investor confidence rose to a six-month high of 6.5 in September from -4.9 in August. Analysts were forecasting a -2.8 reading.

In Japan, revised data released earlier showed that the economy expanded by 0.9% in the second quarter, in line with expectations, which sparked demand for higher-yielding asset classes.

The country's economy grew at an annualized rate of 3.8%, higher than an initial estimate of 2.6%.

Separately, China reported that its exports grew 7.2% year-over-year in August, up from 5.1% in July, which painted a picture of an improving global economy.

Leading Dow Jones Industrial Average performers included Caterpillar, up 2.63%, Alcoa, up 2.15%, and The Travelers Companies, up 2.12%.

The Dow Jones Industrial Average's worst performers included Verizon, down 0.97%, Hewlett-Packard, down 0.27%, and Pfizer, which was up 0.07%.

European indices, meanwhile, finished largely lower.

After the close of European trade, the EURO STOXX 50 fell 0.17%, France's CAC 40 fell 0.22%, while Germany's DAX 30 finished up 0.01%. Meanwhile, in the U.K. the FTSE 100 finished down 0.25%.

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Forex - EUR/USD down during the Asian session

Investing.com - The Euro was lower against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3173, down 0.06% at time of writing.

The pair was likely to find support at 1.3105, Friday's low, and resistance at 1.3223, Thursday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8428 and EUR/JPY rising 0.45% to hit 131.24.

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Forex - GBP/USD up during the Asian session

Investing.com - The British Pound was higher against the U.S. Dollar on Sunday.

GBP/USD was trading at 1.5631, up 0.001% at time of writing.

The pair was likely to find support at 1.5522, Tuesday's low, and resistance at 1.5681, Friday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8427 and GBP/JPY rising 0.81% to hit 156.19.

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Exercising one day a week may be enough for older women

Women over the age of 60 may need to exercise only once a week to significantly improve their strength and endurance, a new study has claimed.

Researchers at the University of Alabama at Birmingham monitored 63 women performing combined aerobic exercise training (AET) and resistance exercise training (RET) for 16 weeks.

One group performed AET and RET one time per week, a second group two times per week and a third group three times per week.

The study found significant increases in muscular strength, cardiovascular fitness and functional tasks in each group, but there were no significant differences in outcomes among groups.

"This study demonstrates that doing as little as one AET and one RET workout each week can provide a lot of benefit for older women's overall quality of life and health," said Gordon Fisher, primary investigator of the study.

Fisher said the study goes against what most people believe about exercise - that more is better.

Greater frequency, intensity and duration of exercise training have been shown to be beneficial in younger adults. This study suggests that the progressive overload that benefits a younger demographic may not necessarily apply to all aspects of health and fitness in women over the age of 60.

The team assessed the efficiency and ability of the women to partake in tasks of daily living such as sitting and standing, walking and climbing stairs. For example, at the beginning of the study, each participant completed a 4km-per-hour walk test to determine heart rate and oxygen consumption during the task. The average
heart rate was 110 beats-per-minute.

After 16 weeks of AET and RET training, the women's heart rates averaged 92 beats-per-minute during the walk, indicating that the women required much less effort to do the same daily task following the exercise programme.

Fisher suggested that a low-frequency, combined AET/RET programme may be an ideal method of training to optimize strength and endurance, as well as improving quality of life in older adults.

The study was published in The Journal of Strength and Conditioning Research.

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Monsoon in West Rajasthan is on the verge of withdrawl

The axis of monsoon trough passes through the foothills of the Himalayan range. A low pressure area may form over west central Bay of Bengal and adjoining south Arunachal Pradesh. The associated cyclonic circulation will extend up to the mid tropospheric level. North India will remain mainly dry with chances of light showers, mainly in few parts of Himachal Pradesh and Uttarakhand. South Jammu & Kashmir will also receive light rain bringing down temperatures below normal by 2-3°C. Delhi is ecpected to receive spot rain. The mercury will continue to be marginally above normal in rest parts of north India. Rain intensity will keep decreasing over east India, keeping the mercury above normal in Bihar, Jharkhand and parts of North East India. Light scattered rain with one or two moderate spells is expected over sub Himalayan West Bengal and extreme south Gangetic belt of West Bengal. Temperatures will fall below normal by a few notches here. In central India, Marathwada and south Maharashtra is expected to receive mainly light scattered rain. Temperatures will remain higher than normal average over Orissa and Madhya Pradesh. However, the mercury will drop to normal ranges in coastal Orissa, due to light rain. Coastal Andhra Pradesh, north Tamil Nadu, Karnataka and parts of Rayalaseema are expected to receive mainly light to moderate showers. The coastal areas of west Karnataka and Kerala may also receive moderate spells. The mercury may drop marginally and reach normal levels in the southern part of the country. It will remain below normal in many parts of south Tamil Nadu, while above normal temperatures will be witnessed in Karnataka, Madhya Maharashtra and Andhra Pradesh.

By: Skymetweather.com

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